v3.25.3
SCHEDULE OF CONVERTIBLE NOTES PAYABLE (Details) - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Short-Term Debt [Line Items]    
Total convertible notes, net of debt discount $ 1,851,000 $ 1,812,250
Less: Debt discount (13,750) (30,750)
Convertible Notes With Fixed Conversion Legacy Debt [Member]    
Short-Term Debt [Line Items]    
Total convertible notes, net of debt discount [1] 415,500 415,500
Convertible Notes With Fixed Conversion [Member]    
Short-Term Debt [Line Items]    
Total convertible notes, net of debt discount [2] 1,130,000 1,072,500
Convertible Notes With Fixed Conversion And OID [Member]    
Short-Term Debt [Line Items]    
Total convertible notes, net of debt discount [3] 108,000 108,000
Convertible Notes With Variable Conversion [Member]    
Short-Term Debt [Line Items]    
Total convertible notes, net of debt discount [4] 11,250 47,000
Notes Issued In Relation To Acquisition With Fixed Conversion [Member]    
Short-Term Debt [Line Items]    
Total convertible notes, net of debt discount [5] $ 200,000 $ 200,000
[1] Included in Convertible Notes - with fixed conversion terms, are loans provided to the Company from various investors These notes carry simple interest rates ranging from 0% to 12% per annum and with terms ranging from 1 to 2 years. In lieu of the repayment of the principal and accrued interest, the outstanding amounts are convertible, at the option of the note holder, generally at any time on or prior to maturity and automatically under certain conditions, into the Company’s common shares at $0.015 to $0.30 per share. These notes became due in 2017 and prior, and are currently past due.
[2] Convertible notes totaling $927,500 have interest rates between 5% and 10% and are convertible in common shares between $0.35 and $4.00, and are considered short-term, and another $202,500 of notes still considered long-term and bearing interest rates at 10% and conversion rates ranging between $0.01 - $0.035.
[3] Notes totaling $108,000 have an OID of 20%, an interest rate of 10% and a conversion rate of $0.030.
[4] On December 23, 2024, the Company entered into an unsecured short-term loan agreement with a third party for an aggregate of $68,000 with a 35% discount to market rate, if the note was not paid back by September 30, 2024. As of June 30, 2025, payments of $22,750 and note conversions totaling $34,000 have been made on note.
[5] Notes totaling $200,000 were issued in relation to the acquisition of Level 2 Securities and bear a 10% interest rate and are convertible into the Company’s common shares at $0.01.